I’m excited to announce that I have started Trends @trendsdotfun, a value-anchored social protocol that pushes the frontier of information finance. It’s also a bittersweet farewell moment: my full-time gig with @fslweb3 has come to an end, but I will continue to support the company as an advisor. I will have a separate post to reflect on this extremely meaningful journey. Trends already has the early backing of an incredible group of founders and angels whose belief in the vision gives us both support and accountability: @aeyakovenko @calilyliu @ @SolanaFndn @weremeow & @sssionggg @ @JupiterExchange @Punk9277 @ @KaitoAI @PrimordialAA @ @LayerZero_Core @tn_pendle @ @pendle_fi @cindyleowtt & @davijlu @ @DriftProtocol Alice & James Zhang @ @JamboTechnology @ZhuoxunYin & @bytheophana @ @MagicEden @TusharJain_ @ @multicoincap @Jerry10240 & @yawn_rong & @shitirastogi @ @fslweb3 @zhusu @dapanji_eth @ @bonk_fun @0xsudogm @ @dragonfly_xyz @MapleLeafCap @ @FoliusVentures After several years pursuing broader consumer adoption in crypto, I’ve distilled three first-principle convictions: 1️⃣ Every true Web3 breakthrough happens where value can flow with radically less friction - think 2017 ICOs and 2020 DeFi Summer (and even 2023 Pumpfun). The next innovation leap, as a result, will also emerge with another 100× improvement in value-flow efficiency. 2️⃣ Tokens are information containers, and social media is already the busiest information market; if every post became a token, information flow and value flow could finally merge. 3️⃣On-chain issuance and value transfer costs will keep falling, so social is now perfectly positioned for that merger in point 2. With these beliefs in mind, we started Trends. It begins as an on-chain curation layer for X (and soon for any open content such as TikTok) and will grow into a social protocol coordinated by internet capital. Each piece of content forms its own curve, volatility and spike; accounts that consistently create / surface high-consensus posts accumulate a reputation that can’t be faked. AI is pushing the cost of content production toward zero. When views, likes and even entire posts can be botted for pennies, on-chain capital becomes the one scarce, transparent signal of real consensus. Trends provide a direct pipeline from belief to PnL. Wash-trading has its corresponding costs, and an open protocol gives everyone the same chance to participate. That, to me, is what mass adoption looks like: your everyday actions carry on-chain financial weight. Imagine one like equals one dollar - each click automatically buys from the curve, and your automatic exit target can be preset. Opinion expressed, position taken, no extra steps. We’re at the dawn of this new era. Trends is defining a new asset class. Forging new behaviors is never easy, but trend is good.

It was Jeffrey Epstein’s 50th birthday, and Ghislaine Maxwell was preparing a special gift to mark the occasion. She turned to Epstein’s family and friends. One of them was Donald Trump. Maxwell collected letters from Trump and dozens of Epstein’s other associates for a 2003 birthday album, according to documents reviewed by The Wall Street Journal. Pages from the leather-bound album—assembled before Epstein was first arrested in 2006—are among the documents examined by Justice Department officials who investigated Epstein and Maxwell years ago, according to people who have reviewed the pages. It’s unclear if any of the pages are part of the Trump administration’s recent review. The president’s past relationship with Epstein is at a sensitive moment. The Justice Department documents, the so-called Epstein files, and who or what is in them are at the center of a storm consuming the Trump administration. On Wednesday, after angry comments about how the files are a hoax created by Democrats, President Trump lashed out at his own supporters for refusing to let the matter go. The letter bearing Trump’s name, which was reviewed by the Journal, is bawdy—like others in the album. It contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand-drawn with a heavy marker. A pair of small arcs denotes the woman’s breasts, and the future president’s signature is a squiggly “Donald” below her waist, mimicking pubic hair. The letter concludes: “Happy Birthday — and may every day be another wonderful secret.” In an interview with the Journal on Tuesday evening, Trump denied writing the letter or drawing the picture. “This is not me. This is a fake thing. It’s a fake Wall Street Journal story,” he said. “I never wrote a picture in my life. I don’t draw pictures of women,” he said. “It’s not my language. It’s not my words.” He told the Journal he was preparing to file a lawsuit if it published an article. “I’m gonna sue The Wall Street Journal just like I sued everyone else,” he said. Read more: https://t.co/eRGY3G9nXj

Matthew 25:45 Then the King will answer, 'Truly I tell you, whatever you did not do for one of the least of these, you did not do for Me.' A Paradigm Shift Mark 2:22 And no one pours new wine into old wineskins. If he does, the wine will burst the skins, and both the wine and the wineskins will be ruined. Instead, new wine is poured into new wineskins." The New Testament is a game-changer and paradigm shift. It is like new wine that cannot be contained in old wineskin. Hence, we must refrain from using our old mindset to understand GOD's new teaching, or it will become our stumbling block, a block that will cause us to fall away from our faith. When Jesus first introduced His new teaching, many of His disciples could not accept it, so they turned back and no longer walked with Him. His teaching created resistance then and would also now. Today, if we hear something that goes well with us and does not turn us off, then the teachings are most likely being compromised. If the core of His teaching has not changed, then we should have the same reaction as Jesus's disciples did: rejection. It is like drinking bitter medicine. However, if the medicine is not bitter but sweet, then we should be wary that something is wrong. GOD's bitter medicine does not go well with our fallen nature, so rejection should be the natural response. If it sounds soothing to our ears and appeases our fallen nature, then most likely, it is an alternate teaching to His. His fake teaching is like entering through a wide gate with a broad path; do not believe it because it leads to destruction. GOD has instructed us to walk through the small gate with the narrow path that few will find, and it leads to life. And any other way is a misdirection. Therefore, do not be misled by hype teachings that are pleasing to the ear but will lead to destruction. Stop sinning vs forgiveness of sin. Daniel 4:27 Break away from your sins by doing what is right, and from your iniquities by showing mercy to the oppressed.  If we want to be strong in GOD, we must be able to accept hard truths, things that are hard to the ears but good for our souls. Such a message is a high calling because our fallen nature can do nothing but sin. And GOD's Word bites our fallen nature. Therefore, it does not go well with our ears and is a nail to our flesh. A message that our fallen nature loves is the forgiveness of sin, a message of no condemnation to every action. Then, we are no different from a dog that returns to its vomit as we sinners return to our sin. Thus, many Christians live in the comfort of GOD as Yahweh Hessed, GOD of forgiveness. With that, many live in the impression that they can be who they are as there is nothing they can do that cannot be forgiven under the blood of Christ. If not, His blood is no different from that of sheep, goats, bulls, doves, or pigeons. Therefore, nothing can rock their salvation as it is secured in the blood of Jesus.  The Fallacy Galatians 6:7-8 Do not be deceived: God is not to be mocked. Whatever a man sows, he will reap in return. The one who sows to please his flesh, from the flesh, will reap destruction, but the one who sows to please the Spirit, from the Spirit, will reap eternal life. If any of us think that the blood of Jesus will keep us away from sin, we are deviating far from the truth. Forgiveness of sin only releases us from the bondage of sin, which has no eternal value. It is like a person being set free from prison. Then, what from then on? It is what we make out of ourselves after being out of prison that matters. Metaphorically speaking, when we sin, we get ourselves into prison, and when GOD forgives us, He releases us from prison. If we keep on sinning and asking for forgiveness, we are repeating the cycle of being in and out of prison. Then what is the purpose of forgiveness if we have no intention of getting out of sin? We are doing nothing but fooling around with GOD, taking Him as a joke. No one ever fools around with the law and gets away. What more, with GOD, the Lawmaker of heaven and earth, and hope nothing will happen? The all-mighty blood has its limitations. Matthew 12:31 Therefore, I tell you, every sin and blasphemy will be forgiven men, but the blasphemy against the Spirit will not be forgiven. Jesus's blood is powerful enough to forgive all sins except the sin of unrepentance. For that, His blood has no effect. His blood can cleanse us of all sins but cannot keep us away from sinning. It is written in the Bible that if we deliberately go on sinning after we have received the knowledge of the truth, no further sacrifice for sins remains, but only a fearful expectation of judgment and of raging fire that will consume all adversaries. Anyone who rejected the law of Moses died without mercy on the testimony of two or three witnesses. How much more severely do we think one deserves to be punished who has trampled on the Son of God, profaned the blood of the covenant that sanctified him, and insulted the Spirit of grace? Therefore, there is a limit to 1 John 1:9 - If we confess our sins, He is faithful and will forgive us our sins and cleanse us from all unrighteousness. No one in the Bible ever received unconditional and perpetual forgiveness like the way we think, sinning without guilt and remorse. GOD often leaves us case studies to substantiate His Word. If there is none, then most likely, we misconstrue His Word. What does it mean to stop sinning? 1 John 3:6 No one who remains in Him keeps on sinning. No one who continues to sin has seen Him or known Him. Many times, we have been told to stop sinning, but many do not understand GOD's expectations. To many, as long as we do not cause anyone any grievous harm by killing, stealing, and destroying, we are not sinning. And as long as we do not violate GOD's commandments, we are not sinning. All these are true in the Old Testament, but in the New Testament, definitions become more comprehensive. Anyone angry with his brother will be subject to judgment. And anyone who says, 'You fool!' will be subject to the fire of hell. Without physical contact, even looking at a woman to lust after her has already committed adultery with her in his heart. Therefore, to stop sinning is more than not doing evil. We must do good. The new requirement John 3:19 And this is the verdict: The Light has come into the world, but men loved the darkness rather than the Light because their deeds were evil. Within our fallen nature is the desire to do evil. Therefore, in the Old Testament, after the fall of Adam and Eve, GOD wanted man to master his evil desires, as He told Cain, who represented the new generation of fallen men. In the New Testament, when GOD became Man, man not only had to master the evil within him but also to overcome evil with good. Only the one who overcomes will Jesus grant him the right to sit with Him on His throne, just as He overcame and sat down with His Father on His throne. The requirement has changed before and after Christ. Hence, we cannot use old methodology on new theology as we cannot sew a patch of unshrunk cloth on an old garment. The patch will pull away from the garment, and a worse tear will result. Jesus's new teaching will stretch us to be more than who we can be. If we cannot be stretched, we will tear in unbelief. Not being able to say to this mountain, 'Move from here to there,' and it will move. Nothing will be impossible for us. In Christ, we must do more and be better. Nothing will be impossible for us, even to the extent of loving our enemies and praying for those who persecute us, that we may be sons of our Father in heaven. We no longer are allowed to stop at 'Love your neighbour' and 'Hate your enemy.' The truth is that many cannot cross this threshold of irrational demand. Then how many can overcome evil with good? Why must we overcome evil with good? Romans 12:21 Do not be overcome by evil, but overcome evil with good. If we can overcome evil with good, it proves the authenticity of our transformation. We are born again in the Spirit, and we are cleaned on the inside of the cup and dish so that the outside may become clean as well. Remember, we have fallen nature and are incapable of doing good. If we have extreme self-control, we can control the beast within us. To overcome evil with good is beyond the capacity of our fallen nature. It is like asking the lion to eat grass. Therefore, if a lion eats grass, it only proves that it is no longer a beast but has morphed into something else. In Christ, we are His new creations, meaning we are more than GOD's creation but a new, improved version. We no longer hold the flaws of imperfection but the perfection of GOD. Therefore, what the fallen nature cannot do, the godly-infused nature can. Hell is prepared for those who do no good. Matthew 25:45-46 Then the King will answer, 'Truly I tell you, whatever you did not do for one of the least of these, you did not do for Me.' And they will go away into eternal punishment, but the righteous into eternal life. To illustrate His point, Jesus talked about a time in the future when He would be in His glory, and all the angels would be with Him as He sat on His glorious throne. Then, He would separate the people one from another, as a shepherd separates the sheep from the goats. One group would inherit the kingdom prepared for them from the foundation of the world. And the other group would be cursed into the eternal fire prepared for the devil and his angels. What good did the first group do to deserve heaven, and what bad did the other group do to deserve hell? No one in the heaven group stood out as any hero, nor anyone from the hell group stood out as any villain. The compliment for the righteous was - For I was hungry, and you gave Me something to eat; I was thirsty, and you gave Me something to drink. I was a stranger, and you took Me in; I was naked, and you clothed Me; I was sick, and you looked after Me; I was in prison, and you visited Me.' Then the righteous will answer Him, 'Lord, when did we see You hungry and feed You, or thirsty and give You something to drink? When did we see You a stranger and take You in, or naked and clothe You? When did we see You sick or in prison and visit You?' And the King will reply, 'Truly I tell you, whatever you did for one of the least of these brothers of Mine, you did for Me.' The unrighteous were accused of not performing any acts of kindness as the righteous did, and their punishment was the eternal lake of fire. The King did not accuse them of massacres or blasphemy against GOD that deserved the lake of fire, but their fate was no different from that of the vilest sinners. The Conclusion Not doing good is as good as sinning, deserving the lake of fire. Many might view this as perversity, as the deeds do not deserve such punishment. On Judgment Day, many will question God about His justice and fairness, not knowing that sin is sin, regardless of how small or big. Jesus said, "Truly, truly, I tell you, no one can enter the kingdom of God unless he is born of water and the Spirit." As long as the Spirit does not transform us, we are not born of the Spirit. We are still sinners destined for hell. However, the issue is not that many do not want to do good, but they do not have the tenacity to do so because of their fallen nature. Many can try, but they do not have the know-how to do it. If we want to know, we need to die to our flesh. Then, the anointing of the Holy Spirit will guide us. For this reason, our world still feels lonely and cold despite its advancement, vibrancy, and activities. The affluent are highly affluent, and the poor are extremely poor, and the gap is not narrowing. If everyone were anointed with the Holy Spirit and spontaneous in sharing simple essentials such as food, water, and clothing, the world would be a better place. GOD does not require us to save the world by doing great and mighty things because that job belongs to Him. He is our Hero, and we do not need another hero. All He wants us to do is small things with great love. We would have met GOD's expectation of overcoming evil with good. Prayer: Thank you, GOD, for opening my eyes and ears to your word. Let your word quicken my heart and enlighten my mind that they are alive in me so that I can be alive in your word. Then your word will not return to you empty, but it will accomplish what you please, and I will prosper in it. Amen.

You are not what you think but the spirit that controls you Ephesians 6:12 'For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this world's darkness, and the spiritual forces of evil in the heavenly realms.' To a layperson, this statement might sound too bizarre and far-fetched, as if we were walking through the Star Wars movie studio pretending to be Jedi to battle against Darth Sidious, the Dark Lord of the Sith. It is like we are in a world of make-believe where the spiritual forces of darkness in the heavenly realms are warring against us. In other words, we are attacked by alien invisible forces that are not flesh and blood like us. True, our real enemy is something we cannot see. If we are struggling with what we can see, then we are fighting a fake enemy. Most of us might be wondering, since we cannot astral travel, where our consciousness leaves our bodies, and how to fight a spiritual battle against the dark forces, the equivalent of Darth Sidious. The only evil forces we experience are from the people around us, the ones residing in our homes, offices, churches, or circles of friends, holding invisible knives and daggers, stabbing us with unkind words, deeds and intentions, and leaving us broken, wounded and in pain. With that experience, we can proceed to the next level of understanding. Our struggles are with no one else but with ourselves and the people around us who are no aliens to us, the flesh and blood with whom we are in daily contact. The thoughts and deeds are not of GOD's. The unloving, ungiving and non-sacrificing nature that takes, steals, kills and destroys. It is our source of unhappiness, and because of it, we suffer. Even though this is an indisputable fact, according to Paul, the people are not the culprits. Just as Jesus rebuked Peter and said, "Get behind Me, Satan! You are a stumbling block to Me. For you do not have in mind the things of God, but the things of men." Peter is not the culprit in obstructing Jesus from fulfilling his Father's will to bring salvation for all by dying on the cross. The culprit is the force behind Peter's thoughts. Peter was utterly unaware that, at that moment, he became Satan's tool to become Jesus's stumbling block. How could it be possible for Satan to use Peter as his mouthpiece? Peter spoke to Jesus as the Serpent spoke to Eve, being Satan's voice. What happened at that moment for Peter to utter words of concern and care that were, in fact, words against the will of GOD that Jesus had to rebuke him as Satan? For that, we have to look at Peter's heart. We must understand that Peter had every intention for Jesus to reign as the king of the Jews rather than to suffer and be killed at the hands of the elders, chief priests and scribes. When Jesus called Peter to be his disciple, He promised Peter that he would become a fisher of men instead of a fisherman. If Jesus were to die, the implication is Peter would have to return to being a fisherman and not become a fisher of men. That happened precisely after Jesus's death. His three-year effort of following Jesus around would have been a waste of time. In other words, Peter had self-interest or a personal agenda at heart when he said those words. Even if he did not want Jesus to die because of his love, that is considered a personal agenda. His self-centred agenda becomes an open door to evil influences and the devil's foothold. Is it biblical for Satan to have a foothold in us? Yes, it is biblical because of our fallen nature, and Satan has a legal right over us. Therefore, we are programmed to think evil and do evil. Hence, we do not need to be disciplined to do evil but to do good. According to biblical records, Satan did not come with a whip to get us to do evil. Instead, GOD has to whip us to do good. With that, we can see that we are born with Satan's DNA within us. To cut a long story short, to save us, GOD ended up whipping Himself for our sins. Therefore, in the New Testament, GOD no longer holds the whip but His love to lead us to repentance. To put it another way, GOD whips Himself for every sin we commit. Thus, those who believe in His love shall not perish but have eternal life. As long as we are self-centred and unrepentant, the nature of our flesh, Satan, has a foothold in us through our fallen nature. Satan can speak through us as if it is our intention. When Jesus rebuked Peter, He was rebuking Satan, the mastermind behind Peter. From this encounter, we can conclude that we are nothing more than vessels. We are what fills us. If we are not convinced, we can look at another incident that happened to Peter. When Jesus asked His disciples, "Who do you say I am?" Peter answered, "You are the Christ, the Son of the living God." Jesus replied, "Blessed are you, Simon, son of Jonah! For this was not revealed to you by flesh and blood but by My Father in heaven. This time, Jesus did not rebuke Peter. Instead, He complimented him for saying the right thing. Jesus used the words flesh and blood as Paul did, indicating that the information is not of human origin. It is not a rumour that Peter heard but a spiritual revelation that Peter perceived from no one else but the Father in heaven. In other words, it is a spiritual enlightenment when a person is filled with the Spirit to understand spiritual matters. This encounter is not limited to Peter, but it happened to many people in the Bible, like Bazalel, Elizabeth, Stephen, Barnabas, David, Ezekiel, and the list goes on. From Peter's two spiritual encounters, one with Satan and the other with the Father, we can deduce that a man is only a vessel, and he is what he is filled with, either good or evil. What fills him will be the voice he hears, good or evil. And what fills him will depend on what is in his heart. When he lives for himself, he has eyes only for himself, and is self-centred, then he is filled with the fallen nature. If he lives for GOD and others, has eyes for people in need, and is GOD and people-oriented, then his heart is filled with the Spirit of GOD. Hence, whoever he listens to will be his master. Hence, whatever we think is not our own. It is from whom we allow to fill our hearts. Unless we can change a person's heart, we cannot change his mind. His mind is controlled by what fills his heart. Paul understood, beyond what meets the eye, the relationship between our hearts and the spirits that control our minds. Therefore, he said, 'For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this world's darkness, and the spiritual forces of evil in the heavenly realms.' It is not without reason that GOD always talks about the heart more than the mind of a man. He referred to David as a man after His heart and not a man after His mind. Once our heart is right with GOD, then our mind will think within the framework of GOD. Another excellent example of understanding how the heart affects the outcome of the mind is in the story of Nebuchadnezzar. GOD made Nebuchadnezzar great for His purpose, and his greatness was like a tree large and strong, whose top reached the sky and was visible to all the earth, whose foliage was beautiful and whose fruit was abundant, providing food for all, under which the beasts of the field lived, and in whose branches the birds of the air nested. One day, he was walking on the roof of the royal palace of Babylon, and he exclaimed, "Is this not Babylon the Great, which I myself have built by the might of my power as a royal residence and for the glory of my majesty?" When his heart was filled with pride in himself and his greatness, GOD struck him down with madness. He was driven away from mankind. He ate grass like an ox, and his body was drenched with the dew of heaven until his hair grew like the feathers of an eagle and his nails like the claws of a bird. Only after seven years did GOD restore his sanity, and He praised and exalted and glorified GOD as the king of heaven, for all His works are true and all His ways are just. The moral of Nebuchadnezzar's story is that the heart determines our future more than our efforts. When Nebuchadnezzar's heart was filled with himself, God flipped his mind like a pancake. One moment, he was sane, and another moment, he became insane. Only when God felt that Nebuchadnezzar was humbled enough did God flip his mind back. In other words, our mind is nothing more than a marionette where the puppeteer controls every movement of the puppet with strings. The puppet is not free to do as it wishes, but according to the puppeteer that controls it. Likewise, our mind is not free to think as we want to but according to whom fills our hearts. In computer terminology, a man is only the hardware, and the software that helps him to think and operate comes from the spiritual realm. In the book of Proverbs, Solomon wrote, 'Guard your heart with all diligence, for from it flow springs of life.' Why the heart and not our mind? Solomon understood that when he gave his heart to GOD, GOD gave him a perfect mind filled with wisdom and understanding. Once his heart turned away from GOD, his wisdom and understanding were lacking to preserve his kingdom. Only GOD holds the key to the springs of life, and the secret passage to them is the heart. The mind can think as many dreams as it wants, but it will only be wishful thinking. Therefore, if we want to have the blessings of heaven, we must have a heart for GOD. It is more than going through the ritual of going to church, giving tithes and offerings or doing charities. It is to put GOD as the centre of our life and let our world revolve around Him. Filling our hearts with the love for GOD and not with the desires of our fallen nature is the key to success in life. It is only through the guidance of GOD that we find life. If we follow the advice of our fallen nature, we will find death because life is only in the hands of GOD. Therefore, if we are not of GOD, whatever we do is a waste of time because there can only be one outcome - death. In other words, we will make lousy decisions despite our best efforts because we are ill-advised. Anything not under GOD's counsel is not under His will. Epistle 1 John writes, 'And this is the confidence that we have before Him: If we ask anything according to His will, He hears us. And if we know that He hears us in whatever we ask, we know that we already possess what we have asked of Him.' To understand this statement from the opposite perspective, if we do not ask according to His will, He does not hear us. Therefore, those who go to church to pray for nothing else but themselves are praying in vain because they are not asking according to GOD's will. They are nothing more than mouthpieces of Satan, praying for the desires of their fallen nature, which are evil. GOD will not listen to them. GOD wants us to worship Him in Spirit and truth, meaning the Holy Spirit must anoint our thoughts, teaching us to pray. Our prayers will align with GOD's will, and He will be pleased to listen to us. Whatever we do, we will not contravene the first and second greatest commandments, which are to love God with all your heart, with all your soul, and with all your mind and to love your neighbour as yourself. Only if we live a self-centred life will we contradict a god-centred life. When we live for GOD and others, we have to sacrifice our self-centred lives for them because we cannot put our interests and GOD first at the same time. There can be only one first. We must choose one over the other. Therefore, we must rightly select what should be within us: the Spirit of Life or the spirit of death. Prayer: Thank you for enlightening my mind with Your words. Continue to teach me Your truth so that I may walk in it and find life. Protect me from the deceits of my enemies, who come as wolves in sheep's clothing. Continue to renew my mind with the truth so that I can be transformed into your image. Amen.

《 BNB 开启曲线救国？》 今天 $BNB ATH 后我看一堆人在讨论怎么之前一直跟稳定币一样的BNB突然这几天爆发了。 很久没有写长文了，我也来猜测一下，顺便把近期一些思路捋一捋，没有得到过官方的验证，全是我根据蛛丝马迹推的，大家当一乐看。但这些思路是我最近能拿稳BNB吃到大肉的重要原因。 ~~~~~~~~~~~~ 首先最近有动作大概率还是跟最近币股的爆发有关，或许就是从SBET，Tron等获得了灵感，不再刻意追求OKX的那条合规上市之路。 其实从过去一段时间不少迹象可以看出币安应该是对上市/合规有想法的，Why？ @binancezh 虽然没明说，但一直在降低明面上给 $BNB 的赋能。 继Launchpad名存实亡很久之后（狮兄应该是全网第一个说Pad不会再有），Launchpool的节奏也越来越慢，上一个Pool还是5 月 6 日的 $SXT ，距今已经2个多月。 如果有心人去币安App看看，会发现不但 Launchpad已经搜索不到（只能去网站查看往期），连Launchpool功能的界面都改了，Holders Airdrop也归入进去。现在我严重怀疑未来还会不会有往期用BNB挖份额的 Launchpool 出来，虽然收益本来就缩水了很多。 Why？ 之前狮兄分析OKx上市之路的时候针对老徐对 $OKB 长时间冷处理不赋能的原因做过分析。如果要上市，那么平台币是否属于证券，能否通过豪威测试（Howey Test）非常关键。 过去SEC曾经也明确认定 $BNB 涉嫌证券，而这是Pad消失的最直接原因，Pool虽然好很多但依然算是“打新特权”，所以逐步被弱化，并被Holders Airdrop取代，从而更容易通过Howey Test也是能理解的。 虽然我之前对币安US上市持积极态度，但OKx筹谋数年都还没结果，币安上市之路还很漫长，这一点得认。 话说回来，筹备合规和上市，打新收益降低可能是 $BNB 在很长一段时间内表现平平，随大流的原因。 上面狮兄列出来的表象都指向一个非常明确的趋势：BNB 正在被“去证券化”处理，这是为了应对豪威测试（Howey Test）潜在风险。如果未来有 IPO 或大型合规合作，BNB 是否是证券将是致命敏感点。 像 FTT、KCS、HT、LEO 等平台币也在“合规转型阶段”一度失去上涨动能，体现出这种模式下平台币天然的估值抑制。 ~~~~~~~~~~~~ 那怎么突然跟吃了伟哥一样硬了？ 要知道，谁是最大的 $BNB holder？ 大表哥怎么可能不关心BNB的价格，不希望BNB涨呢？ 所以当这波币股浪潮来袭，有心人会发现，原来币安要上市，不见得只有走Okx那一条路啊，哈哈😂😂 看看孙哥的 $Tron, 不就是套了一个美股的壳曲线救国了吗？这是绕开SEC的另类路径，且已经被先行者证实可行。 那现在如此火爆的币股微策略，如果多几个正儿八经的BNB微策略公司，不就类似币安上市，而且还不止一个壳？ 币安可能意识到，“做币股+微策略叙事”+BNB控盘拉升 = 变相市值重估 + 群体共识重建。这是更“Web3 native”的玩法，也能避开 SEC 的致命路径依赖。 所以 $BNB 脱离了合规转型束缚后，在微策略买入的刺激下，终于开始回归本我。 在我看来，没有合规的束缚， $BNB 早就应该1000以上了 ~~~~~~~~~~~~ ✅ 总结一句话： 币安可能正在从“合规上市”转向“多壳并进、变相市值重估”的战略转型期，BNB 的行情就是这种转型的直接产物。 不论这一波拉升是否有“实操派”控盘，它反映出来的 narrative 已经正在成型：BNB 可以“以虚促实”，不用非得走正道上市，也能达成市值跃迁。 一旦我这个推论被证实，那么除了拿稳 $BNB 吃够这波补偿，还要好好盯一下 BNB的微策略公司。 其中虽然可能有浑水摸鱼的，但大概率会跑出来一家类似 BMNR 或SBET 这样的龙头。 让时间来验证我的观点是否正确。 #BNB# #BNB微策略# ~~~~~~~~~~~~~~~~~~ 【Is BNB Launching a Curved Path to National Salvation?】 After BNB hit a new all-time high (ATH) today, many people have been discussing how BNB, which had been behaving almost like a stablecoin, suddenly exploded in the past few days. I’ll take a stab at explaining it and organize some recent thoughts. None of this is officially confirmed—just speculation pieced together from fragments of information. Take it as an entertaining theory. ~~~~~~~~~~~~ First, this recent surge is very likely related to the recent crypto-equity explosion. Perhaps Binance got inspired by SBET, Tron, and others, and decided to stop following OKX’s rigid compliant listing path. In fact, there have been several signs over the past months suggesting Binance has been considering IPOs or compliance moves. Why? Although @binancezh has never said it outright, they’ve been steadily reducing explicit utility for $BNB. After Launchpad became a mere shell (I may have been the first to publicly say Launchpad was done), Launchpool has also slowed down. The last pool was $SXT on May 6th, more than two months ago. If you take a look at the Binance App, not only is Launchpad no longer searchable (you can only view past events on the website), even the Launchpool interface has been redesigned, and Holders Airdrop is now included in it. I’m seriously doubting whether we’ll see any more Launchpools using BNB to farm allocations again—even though the returns had already been greatly diluted. Why? Back when I analyzed OKX’s listing path, I explained why Xu (OKX founder) has long “cold-treated” $OKB and reduced its utility. If an exchange plans to go public, whether their native token qualifies as a security becomes a key issue. Passing the Howey Test is crucial. Previously, the SEC had explicitly flagged $BNB as potentially being a security, which directly caused the death of Launchpad. Launchpool is somewhat better, but still counts as a “launch privilege,” so it’s also being phased out and replaced by Holders Airdrop. This makes it easier to pass the Howey Test—which is understandable. Although I was previously optimistic about Binance US going public, given that OKX has been preparing for years with no results, Binance’s IPO journey will likely be very long. That’s just reality. So preparing for compliance and IPOs, and reducing “launch-related” benefits, is probably why $BNB had been underperforming for a long time—just drifting with the market. Everything listed above points clearly in one direction: BNB is being de-securitized, in order to reduce Howey Test risks. If Binance ever pursues an IPO or major compliance initiative, BNB’s status as a non-security will be a dealbreaker. We’ve seen this story before. Tokens like FTT, KCS, HT, and LEO also lost momentum during their respective “compliance transformation” phases. That’s the price platform tokens often pay in exchange for legitimacy. ~~~~~~~~~~~~ So why did BNB suddenly get “Viagra-level” strong? Let’s not forget: Who’s the biggest $BNB holder? Would Big Bro CZ not care about BNB’s price or want it to pump? When this wave of crypto-equities exploded, someone sharp probably realized: Binance doesn’t have to follow OKX’s path to go public 😂😂 Look at Sun Yuchen’s $TRON—it essentially backdoored its way into U.S. markets via a shell company. It’s an alternative, SEC-free listing path, and it’s been proven to work. Now, with the crypto stock narrative on fire, if multiple “MicroStrategy-style BNB companies” appear, isn’t that basically equivalent to Binance going public—except with more than one shell? Binance may have realized that: “Crypto equities + microstrategy narrative” + BNB supply control + pump = Repricing via new narratives + restored collective conviction. This is a more Web3-native play. And it also avoids the SEC’s regulatory bottleneck. So $BNB, once freed from compliance shackles, finally reverted to its true form amid the MicroStrategy-style buying frenzy. In my view, without compliance overhang, $BNB should have been above $1000 long ago. ~~~~~~~~~~~~ ✅ One-sentence summary: Binance may be transitioning from a “compliance-first IPO” strategy to a “multi-shell, narrative-led repricing” strategy—and BNB’s recent pump is a direct result of that shift. Regardless of whether this pump is backed by “hands-on controllers,” the narrative is clearly forming: BNB can “fake it till it makes it”—it doesn’t need to follow the traditional IPO path to achieve a market cap leap. If my theory proves true, then holding onto $BNB to enjoy this compensation rally is just the beginning. We’ll also need to watch BNB-themed microstrategy companies closely. While some might be opportunistic, chances are a real leader will emerge, just like BMNR or SBET. Let time tell whether I was right. #BNBATH#

🔥 THE FALL OF ROME 🔥 Armapegdon continues. In the biggest PsyOp in PulseChain's history, the repeated attacks against pDAI is a spectacle that takes everyone's breath away. The community is divided and united at the same time. PvP as it has never been experienced before. War on all fronts. War between the believers and those who either can't or don't want to understand why pDAI's narrative is so strong and important. Because it is. Strong and important. Never before in the history of crypto has there been a coin whose history, indeed whose very narrative, has been as big, as strong, as controversial as that of pDAI. And it is all the more astonishing how brilliantly the marketing comes into play here. Because after everything that has happened, this is nothing other than a highly spectacular marketing campaign. A campaign that could, that should reach the wider masses outside of PulseChain. This is just the groundwork. PDAI - the controversy of this decade. What Richard has set in motion can be described as sensational without denial. The news has spread like wildfire. EVERYONE within PulseChain knows about it. And not just knows. Everyone has deliberately TAKEN A SIDE. Has this EVER happened before in PulseChain? In Crypto? When have people verbally expressed their DIRECT opinion, their DIRECT strong emotion for a coin like this? It's not just a standpoint. It is a belief. pDAI the PEG OR the infinite exploit scam. Death of pDAI OR Death of PulseChain. But what if I told you that there's more than meets the eye? It's not the death of pDAI or Death of PulseChain. The Death of PulseChain because of pDAI is TRUE. But only if pDAI itself gets killed off. Thus, pDAI MUST be saved and brought to a a peg. Because that is what it will ultimately come down to. A PEG, no matter how hateful the idea may be to non-investors, is the best, most logical and important event that must happen to catapult PulseChain to the gates of Valhalla. A peg would do what this chain has been missing for years. The native stablecoin that is fully needed for a decentralized and self-sustaining ecosystem, which, effectively Richard has always envisioned. So yes, pDAI in its current form IS a danger to PulseChain. This is why it must be taken over and pegged to avoid the "dangers" that people fear. Not by killing it. If you kill pDAI, you ultimately kill PulseChain too. And this is what most FAIL to understand. If you kill pDAI, you do not simply kill, what looks to the uninformed like a bloodsucking infinite minting token. You kill the Atropa ecosystem. Which is the biggest meme coin ecosystem on PulseChain, and so many things are bonded to it. You will kill BEAR - which is the BIGGEST meme coin on PulseChain. You will kill the entire spectrum of the PRC-20's, which ultimately also kills the purpose of PulseChain and the blockchain in its whole. You will kill the Free Airdrop narrative. You will kill peoples trust inside AND outside PulseChain. And eventually this leads to killing Richard's promises, aspirations, legacy and lifework. And this is why Haters do not grasp how their vocal opinions towards this very specific token is consumed by self-harming emotions. They fail to grasp where that leads to. "But Richard called the minting out!" Richard is clever. He never called it out directly. He used words like "rumored", "perhaps" and asking ambitigous questions that imply to those who can obviously read between the lines that this "public problem" should be fixed and taken care of. And this is where the code comes into play. So, when PulseChain launched, pDAI was right away dumped to a bottom that leads straight 555,555x to 1$. pDAI was the first logo change on PulseX. Richard then proceeded to show-off the chart of pDAI, hinted at the coin for over 6 times, only to do what, let people pump it for 2 years and then "rug" them with a spicy tweet? You must be an absolute sheep to think this way. Everything in crypto happens for a reason. Even if Richard posts about it. ESPECIALLY IF Richard posts about it. Let's play a scenario. Ready? Okay, go. Let's assume, you're an outsider, okay? You have never heard of pDAI or its stories. You know PulseChain has existed for almost 2 years. A blockchain that was forked and was praised as the best, fastest and most secure chain in the world. It was promoted with the BIGGEST Airdrop in history. Richard constantly boasts about winning, how he knows everything, how his own blockchain is the greatest thing in the world and so on. And then, all of a sudden, wait a second, he posts about pDAI, a forked DAI, and calls it out on an infinite exploit bug? After 2 years? After 2 years of HIM shilling it and telling everyone to come to his chain, because it's so great, so awesome, so secure and there's so much free money and so much more money to be made? And now he "allegedly" calls out the BIGGEST token on his own chain, with the BIGGEST fanbase, the BEST gains of ALL tokens, with a chart that has visibly OUTPERFORMED all his cores for 2 years straight. He calls out such a token, a token which he holds the biggest bag of himself, a token which HE himself FORKED and shilled and praised everything to be secure and working flawlessly? What would you think? Like, wait a second. Is this guy for real? He never knew about it in all those 2 years? Despite forking the coins, having the best devs and shilling the chart of the very token and a "mint" that has been known for ages and that NEVER affected the price? Despite that "mint" the token made it to almost 4 cent, outperforming EVERYTHING. And now, just a few days ago, there is a great FUD campaign going on, bringing on EVERY person on the chain to speak out negatively on it. What would you think as an outsider? I, personally, would think, this man is a conman. I would think this guy has scammed his entire community by letting an "alleged" scam run free for 2 years, trap investors and then HE, himself, destroys the chart by fueling fire of the ongoing FUD. This would make me stay THE FUCK AWAY from this blockchain. Seeing how the MAJORITY of his coins have crashed to absolute bottom. Seeing how NO TOKEN on it can thrive. Seeing how not even the creator is to be trusted. AND seeing how all cores are SO MUCH DOWN, so much underwater, so brutally low, that I would come to the ultimate conclusion that this chain is DEAD and that the rumors about this man are true, that he is a scamming piece of shit. Do you get it yet? This is what the outside world sees. And you absolute dumbass want to tell me that a) it's a good thing to kill off pdai (which also kills 99% of all coins on PulseChain) and b) you even laugh about it, thinking that HEX can thrive afterwards? If so, you're nothing but a piece of shit, a dimwit who cannot even look 3 steps ahead. And the best part of all of this is this: The narrative of pDAI is this strong, it survived EVERY FUD attack from the past days. The community's minting fud. The Maria FUD. The subtle Richard FUD. And the call-out Richard FUD. How come, each day the coin recovered BIG times, and made HUGE gains for everyone buying back? "This just means pDAI holders are stupid, they still buy despite the truth about it." You're a RETARD. This just proves HOW STRONG the narrative is. How strong the community is. HAVE YOU EVER SEEN SOMETHING LIKE THIS IN ALL OF CRYPTO? I have never. FUD Campaigns like these, often even at the very first attempt, resulted in a DIRECT rug pull to 0. Yet after 4-5 times pDAI still recovers violently. How is that possible? It's possible because the community WANTS it to peg. It's possible because THERE'S MORE to the story than meets the eye. Why are whales loading up at each dump? Why is the money that is bridged out washed and bridged back? WHY IS THE OUTFLOW of the bridge SIGNIFICANTLY SMALLER than the INFLOW? Ever asked yourself this, dummy? Ever asked yourself, WHY does this happen NOW. Why mere DAYS before the auctions, before the actual process of the supposed pegging is to happen? WHY does the FUD happen right on time after the blood moon? WHY does THIS ENTIRE CHAIN experience the greatest FALL in all of history, RIGHT now. Just mere days after it being here for 666 days? WHY DID RICHARD FUD come out when the price hit 0,00333, the PLSX burn hit 6,66%, and all of this on the VERNAL EQUINOX, the earths new year? WHY does all of this happen so shortly before April, when April 1 is the actual new year, and as explained in my Scenario 2 post is supposed to kick-off the long awaited alt season? WHAT could kick-off an alt season on PulseChain? A pegging OR the death of pDAI and thus all of tokens on PulseChain? Think about it. And then think about it again. Do you think Richard Heart never knew about this alleged infinite minting, and forked it blindly? Never worked on a solution? If you were Richard, would you let the public know that the token you're either building yourself behind the scenes or know a team of experts do so, to successfully initiate the pegging that will help your entire chain, would you let the public know about it before the peg? So EVERYONE can buy in cheap and cash out millions? And then fuck off from your chain? Or would you do it silently, shake out the big narrative of fans, and then peg when the sentiment is lowest, surprise everyone, offer a great passive income incentive to hold pDAI, and have a self-sustaining ecosystem initiating the hyper loop for your blockchain? You see. PulseChain is burning to the ground like Rome. And Richard Heart is like emperor Nero. HE, HIMSELF set this fire up. He, HIMSELF is burning Rome, aka, PulseChain TO THE GROUND. He, and his inner circle, who play an act to SHAKE YOU OUT. This is also a symbolism for a renewal. To cause MAX PAIN. To push out EVERY non believer. Haven't you seen what is happening around you? Most OG Hexicans have GIVEN UP. Most OG Hexicans have SOLD. The entire community is fighting each other. The pDAI weak hands, the core fake-believers, the meme coin gamblers, everyone is rekt. A time for unity and division. Unity WITHIN division. Now is not the time to take on the torch. You must take buckets of water instead and save your city. Some may say the emperor has lost his mind. But then again, all he wanted is to get the scum out. Those who never believed in a vision for a Great Rome. If you fail to understand this. If you fail to understand any of this ... You may see it all fall to ashes soon with no one left to build anything. pDAI may be controversial, but it is necessary to make the chain work. Without pDAI, there is no ecosystem. There is no memes, no airdrop worth of anything. There is nothing but hatred and ashes. For this is the greatest psyop in the history of PulseChain, and only true believers will prevail. Only true believers.

Just watched my first @PlayWildcard stream and WHOA, what a WILD show! 😎 This game is straight-up 🔥, with insane plays that got me hyped! Can't wait for more epic vibes and to see Wildcard Fam blow up! Big shoutout to @Greta0086 for bringing this gem to the CN audience! 🥰 https://t.co/FICjuEDTcm

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